https://www.taxtmi.com/caselaws?id=363647 The High Court ruled in favor of the appellant, allowing the deductions claimed under Sections 80IA and 80HHC without exclusion of profits derived from export business where 80HHC claim is allowed. The Court held that the deductions were permissible as long as they were less than the gross total income. Additionally, the Court determined that the amendment introducing Section 80IA(9A) was prospective and should not apply to earlier assessment years, thus favoring the appellant in this regard as well. The appeal was allowed, granting the appellant the right to claim the deductions without the restrictions imposed by the Assessing Officer and upheld by the Tribunal. en-us Fri, 13 Jul 2018 00:00:00 +0530 Tue, 18 Sep 2018 17:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363647 The High Court ruled in favor of the appellant, allowing the deductions claimed under Sections 80IA and 80HHC without exclusion of profits derived from export business where 80HHC claim is allowed. The Court held that the deductions were permissible as long as they were less than the gross total income. Additionally, the Court determined that the amendment introducing Section 80IA(9A) was prospective and should not apply to earlier assessment years, thus favoring the appellant in this regard as well. The appeal was allowed, granting the appellant the right to claim the deductions without the restrictions imposed by the Assessing Officer and upheld by the Tribunal. Case-Laws Income Tax Fri, 13 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363647